Credit scoring systems comb and analyze credit reports to evaluate how you manage credit. They pay particular attention to things like your credit mix, new credit, length of credit history, utilization of available credit, and payment history. Credit report data is analyzed by credit scoring systems like the FICO® ScoreTM and VantageScore® to determine whether … Read more
The benefit of a fixed-rate mortgage is that your interest rate stays consistent. However, your monthly mortgage payment is still subject to change; in fact, it typically varies by at least a small amount each year. Rising home values and insurance premiums have caused unusually dramatic increases for some homeowners in recent years. Here’s why … Read more
If you’ve been using your credit card sensibly, you may be curious about an increase in your credit limit, also known as a credit line increase. There are no guarantees that a credit card company will increase your credit line. However, there are certain actions you can take—or continue to take—to increase your likelihood of … Read more
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. If your collection debt is reported to a new credit scoring model (VantageScore 3, FICO … Read more
Congratulations! If you’ve landed on this page, it means you’re likely rocking an impressive credit score of 842. That’s right, you’re in the Exceptional credit score range, a prestigious club reserved for only 21% of consumers. This score puts you in a prime position to unlock the best financial products and opportunities available. But what … Read more
FICO® Scores are used by 90% of top lenders. There are many different “credit scores” available to consumers, so it’s critical to know which one you are receiving and how much lenders use it—or don’t use it at all. It’s also more crucial than ever to be aware of your FICO® Scores. Unlocking the Mystery … Read more
Calculate and maximise how much you could borrow by getting expert guidance on your mortgage application Our professionals closely collaborate with certified mortgage advisors to ensure factual verification while keeping a close eye on developments in the financial industry. Although income multiples are typically the basis for mortgage lending for residential properties, different mortgage providers … Read more
Having to deal with debt is probably the last thing on your mind after a family member dies. But debt collectors could make this difficult situation even worse by contacting you. This could make the situation more stressful if you don’t know how debt inheritance works or how to handle money matters following a death … Read more
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how we … Read more
If you’re buying a car, there’s a big chance you need to get a loan for it. You have probably been wondering, “How do banks verify income for an auto loan?” because this can be a complicated process. One of the first things a bank looks at when receiving your application for an auto loan … Read more